Price of natural gas traded in Europe fell to its lowest level in more than six months on Monday. On Monday, the landmark futures contract TTF for delivery in one month on the Amsterdam stock exchange slipped below 26 euros per megawatt hour (MWh) In the morning the contract temporarily cost 25.82 euros, making it cheaper than it has been since last July.
The start of the war in the Middle East caused the price to temporarily rise above 50 euros last October, but then a trend reversal began in November.